Ashburn, VA Market Report – 10/21/09

21 Oct
October 21, 2009

The statistics below reflect the market in Ashburn, Virginia:

  • Homes for sale: 404
  • Homes sold: 97
  • Median sales price: $424,550
  • Average days on market: 43

What is interesting in preparing our reports is that we always pull the current month, the previous month of this year, and the current month of one year ago. Looking at the average sales price progression: September 2008 – $412,727, August 2009 – $421,493, September 2009 – $424,550, we notice a steady upward march of average sales prices.

Prices are rising because supply is falling and consumer confidence is rising. All of the makings to lay the base for market stability.

Ashburn remains popular with buyers who favor excellent transportation and close proximity to Dulles Airport. The area also sports modern housing styles, a variety of retail and dining choices, and good employment prospects in Loudoun and Fairfax Counties. And golf. Yes, there are numerous public and private golf courses close by to Ashburn.

Market data and  commentary provided by David Hess, Executive Vice President and Managing Broker.

Search for homes in Ashburn, and all of the DC Metro: www.averyhess.com

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